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. his funds blew away the market last year. you done want to miss hpicks. >>> the energy departmentç approving loan guarantees for first new nuclear power plant in years. christine todd whitman tells us whether this is the beginning of a nuclear resurgence in this country. >> and chipotle trying to walk back comments that rising costs associated with climate change could eventually force the company to take guacamole or salsa off the menu. we have a stock brawl coming up. you're watching cnbc, first in business worldwide. for tapping into a wealth of experience. ♪ for access to one of the top wealth management firms in the country. ♪ for a team of financial professionals who provide customized solutions. for all of your wealth management and retirement goals, discover how pnc wealth management can help you achieve. visit pnc.com/wealthsolutions to find out more. make it happen with fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> welcome back. the recent spike in energy p
energy costs down whether it be in refining where he has the best chemicals to be able to get the most gasoline out of dirty oil, for instance, in the turbo which is what you need to be able to low your -- get more mileage out of each gallon. that's a very important thing. and, of course, he does the cockpits for pretty much everybody. he's done a remarkable job in honeywell, my charitable trust owns it. it's just been a gigantic winner. at one point they asked him about activism and he had a great answer when your stock goes up all the time the activists don't call. good man. >> is it your favorite industrial name? >> definitely. >> really? >> yeah dave cody is a remarkable guy, and yes, i'll admit we are next-door neighbors and he's also a terrific guy in person. >> you can't argue with what he brings to the interview and certainly with the stock as you said. we'll watch that closely along with exxon also having a -- >> yes, down. >>> in the meantime, former microsoft ceo steve ballmer giving a talk to graduate students at the university of oxford's school o
barton, a republican of texas, is the chairman emeritus of the energy and commerce committee, he joins us on "the communicators" to talk about some of the telecommunications issues facing congress and the fcc. congressman, if we could start with a couple of breaking issues in the last week or so. number one, i want to get your thoughts on the comcast/time warner cable merger and whether or not congress will end up playing a role on that. >> guest: well, we really haven't had a chance to study it much at the committee level. i think we will have a hearing on it. i'm sure the chairmen will have a hearing. on the surface of it, i would think the congress would be generally receptive. we would want to look at any local issues where there was a market dominance, disproportionate share of concentration, but i think overall we would tend to be receptive. >> host: the other issue i wanted to ask you about, tom wheeler's comments regarding the net neutrality ruling. fcc chair wheeler said he would leave title ii on the table. >> guest: well, the fcc under president obama just doesn't get it. the c
that with ed royce. i think we need to take the fact that america in 2020 will be the leading world energy producer, so let's talk about that being used to be an offset to the russians because their energy is their weapon. if we're looking to make russia a pariah state, that's where the president needs to be talking. >> listen, i think there's a lot to be said for that. as you know i'm more of a clean energy guy but taking that away from russia, their monopoly in energy, is good. but republicans are missing an opportunity to look more bipartisan. >> congressman engel, i think what bothers republicans is how much the president and the administration seems to have empowered putin over the past few years. just to give you a couple of examples. russia controls the northern distribution network which is one of the main access points in afghanistan that our troops rely on to get supplies and food and water. putin controls that. putin is controlling our syria chemical weapons collection deal, which is a farce. putin is undermining our negotiations in iran. have we given him too much power? why ha
an interesting note this morning, there's energy in the ukraine that could supplant the russians as far as being a supplier to western europe. there's a lot of things going on here. we'll hear more about it. this isn't going to go away. >> david molnar, you point out we're hovering around the fifth anniversary of the beginning of this bull market from the lows of march of '09. it's getting long in the tooth. is this market just running out of steam. is this a good excuse to sell today? >> yeah, bill, i think that's exactly what we're seeing here is that the market is a little bit extended, a little bit tired after a big run here off the january lows. we needed to see something come along that would create an impetus for consolidation, even a short-term correction, and this happens to be it right now. i agree with the prior two guests that this is probably going to be a short-term correction. it's not necessarily, you know, a change in trend here, but i would point out we do have friday's employment report coming out that's going to dictate a lot about, you know, the future direction of fed polic
this is a tiny economy and russia is a third world economy for its energy sector but the point is -- bob, let me go to you. the point is europe could get involved, natural gas shutdowns could get involved and these kinds of tensions have a way of rippling through. i like this reuters announcement, i'm going to assume it's true. i like the sound of it. the stock market may not like the sound of it because it's the united states being tough and kind of in your face to putin. let's face it, bob, putin's thugs have taken over the sovereign state of crimea, ended the legislature, ended the prime minister and therefore we've got to do something about that. >> correct. forget these statistics. the ukraine is one quarter of one percent of whatever. 1997, larry, i was down on the floor of the new york stock exchange when the tide bot collapsed and nobody was saying that tie land was an important part of the economy but the ripple effects around the world were felt in other economies. it's the butterfly wings in africa that causes storms in the united states. >> it was the anchovies off the coast of peru.
. they are an energy export dependent economy. once that we can do is to open up our export of liquefied natural gas. it will have a huge impact on the price and that russia enjoys in their monopoly dominated europe. i have a bill that would have expanded the gas exports to nato. dropping a bill today that will expanded even further. entering this in the national market and economically impact russia. neil: at the very least we should re-examine our opposition to drafting and some states. that is just more energy for us and the one thing that i'm curious about is it's precisely that energy independence. we need a lot of energy coming via russia and the ukraine. so don't think that. >> it certainly is an issue. they are, as you describe, being economically impacted by some very old things. this president needs to step it up and in that weakness, russia will be adventurous spirit even if they are and they start feeling the pain of their own stupidity or bullying, maybe that is what gives them cause in the future and tyrants who might think about doing tyrant type stuff. >> absolutely. i think that eco
whether to the level to buy yandex, concerned about the energy situation in germany, yeah, i mean maybe not time to pick things up. i agree with warren buffett. not hard to do, obviously, given his long-term track record. this is where you pick. you're getting a chance. he had a big sell-off friday afternoon and he kind of rallied in the last half hour. if we get those prices again at 330, count me in. count me in. >> fixing my collar here. always important that you look well in the morning when delivering and trying to opine and provide insight. >> the clothes make the man. >> of course on that note, studying up on ukraine and crimea and russia's history with it, and what khrushchev did in '54, whether he gave to them, whether thhe didn't want to dea with it. this forces money manages are to hit the history books. >> my producer, ukraine is -- actually i read the stories, warren's say, remember, 50% of the whole country is russian and the crimea is russian. so, this is kind of a -- apparently there's questions about resources and they use a lot of water in crimea. >> ukraine. >> a lot
-up. 5.5 million euros per day. russia is a major exporter of energy to europe and a lot of those pipelines go through ukraine. this is a fear premium put into the price of energy and it is affecting our everyday prices. charles: it has applications to the idea this will be east-west, for tat economic sanctions. to a large degree europe needs that oil. sandra: this is also being seen as an opportunity for the united states. the reopen of the discussion of the keystone pipeline, more exports of liquefied natural gas. this could be an opportunity for the united states. charles: oil was already breaking out before this crisis. anything else going on beneath the surface other than the headlines? sandra: it is a safe haven buying. people want to own something other than equities because they see those as the riskiest assets to own right now. charles: a huge move up $31, what is it? gold has one of the roughest years ever last year, now all of a sudden it is seen as a safe haven, why is it a safe haven? sandra: everybody institutionally are piling on. the most bullish they have been on
the effects of reduced energy subsidies from russia. that's why ukrainians have been getting oil and gas and been able to do it cheaply. now that they want to rebuild the economy, they need to work with the imf on this. one of the things the imf is looking for them to do is raise energy prices. a lot is geared toward the energy factor. u.s. is sending technical advisors to work with the government on energy reforms and other types of financial reforms that they need to do to rebuild the economy. they also want to help the ukrainian businesses. they're talking about further assistance. they'll be sending advisors to work on anticorruption and recovering. is it enough? don't know. the ukrainians said they need $30 billion to rebuild the economy. this is a drop in the bucket. >> obviously the administration has been trying to motivate and rally members of the european union to join them in threatening at the at least sanctions and of punishments against the russian government and individuals in the russian government perhaps. i'm wondering what you've heard about the difficulties the u.s. h
on its energy are little bit more hesitant, the complete western unity on this issue is unlikely at this point. season companies and individual property and accounts in russia if the sanctions are imposed. concerns or confrontations stretching all the way along the north and east, that is true in the city here, it is a stronghold of pro-russian sentiment in ukraine and it is the home base of ousted president. pro-russian supporters seized a local government building but were remove this morning but not for long. they have retaken the building, re-raising the russian flag and singing soviet era songs. it just highlights the tensions and the divide within ukraine are still running very deep. cheryl: ashley webster, thank you for the update. we will monitor any headlines we will get out of paris but for now of course following this for the client. what are you talking your clients are of interest in eastern europe and in particular with russia, could be be concerned about the stability of the region right now? >> for the last year they have told european clans they face a threat in
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is the number one supplier of energy to ukraine is russia. the number one debt is to russia. the president's proposing the american taxpayers send foreign aid to ukraine which will immediately go to russia. which strikes me as putin saying fine he'll be happy to take the taxpayers' money. >> that's nonsense. first of all, congress, by the way, is compared to when you're there, they're never there. they're out all the time, they can't get anything done. he can't authorize any money through the imf unless the congress adopts it. that's what he's trying to say. by the way, if you're talking about, you know, putin was going to lend money to ukraine. he lent them 3 billion which he's not going to get back. if you want to take over ukraine, you're taking over a bankrupt country. the idea that somehow another -- by saying we want to give the money, yeah, i think we ought to help them get out of bankruptcy just like general motors or something. >> but won't that money -- won't a large part of the money go directly to russia? >> no, it won't go to the russians. yanukovych who was their guy, he got
-owned utility dong energy. (laughter) >> jon: dong energy, huh? i think they sell that at a bodaga near my house. (laughter) supposedly made from real giraffe balls but i don't know, it's unregulated. not that i didn't get results with it but it's hardly worth $1.5 billion investment, unless i'm somehow misinterpreting everything about the corporation dong energy because of the relatively juvenile attachment to the word dong. (laughter) but you know what, look how the danish people took to the streets. you know you've made it as a corporation when the majority of the country is willing to brave subzero temperatures to keep you out of its country when you haven't even done anything yet. are you there yet, bitcoin? oh, there you go. that's-- yeah. well, that's the start of a protest. are you sure that process isn't based on magic of the tiny gathering? >> (laughter) baby step, bitcoin, we'll be right back. right back. (c [ male announcer ] when you switch to sprint's new framily plan, friends are like family, so who's gonna be in yours? how about a few facebook friends? [ male announcer ] bu
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that directly benefits from turmoil that could restrict energy exports from russia, driving up the price of crude worldwide. it know it seems a little illogical given that continental's crude goes to gasoline in this country. remember gasoline in this country is priced off the inflated oil price set in europe, not by the domestic price here. and that means bakken oil is even more valuable to east coast refineries than ever because of what was happening with ukrainian/russian tensions. continental got pulled down by the power of the futures. and they're so all encompassing, they crush every stock right or wrong. toe tam opportunity, one that should have been seized, same with the natural gas stocks. our natural gas when it's going to be shipped to europe could help free the west from nat gas tyranny that russia exerts. in other words, it was a positive. how about theme number four. i think the issues over ukraine served to remind us how the asset class of stocks are weak and people not as enriched by a rally. so to use a prime example, we are more, not less likely to shop for discounts. m
are all in talks with iran over its nuclear program. while they talk, energy companies are chomping at the bit to get back into theç islac republic. sanction-free. sharon epperson talking with two big companies now making plans to do just that. she joins us live in houston. hi, sharon. >> reporter: hi, sue. ceos of some of the major oil and gas companies in europe are really looking for investments overseas, including iran. i spoke to the ceo of totale in france, who said they are definitely interested in investing in iran under the right conditions. >> even on what we call the interim period, we might start discussing. we will not invest, we will not negotiate new terms until we can do it. >> reporter: the ceo of italy's eni was the first western oil company ceo to meet with iran's oil minister once that preliminary nuclear deal was reached last year at the end of last year. he says he applauds iran's decision to retool the terms of their business model and in terms of enticing more investment in iran's energy sector, but he says there are definitely some changes that need to be
's something positive being generated in california. when ordinary energy is put in the hands of extraordinary people, amazing things happen. the kind of things that drive us to do more, to go further, to be better. we're dedicated to being a company you can count on, because you've always been customers we believe in. your energy plus ours. together, there's no limit to what we can achieve. >>> and the oscar goes to, anthony hopkins. [ applause ] ♪ >> all right, gentlemen, fire away. [ speaking foreign language ] [ speaking foreign language ] >> what is the thing you love most in your life? >> privacy. >> what is the thing you wish to have most in your life? >> privacy. >> you want to say something in spanish? >> i don't speak spanish. >> how do i feel? fine. how are you? >> i don't know what i'm doing here. i didn't win anything. >> oh, yes. >> sorry, yes, yes. >> what is your feeling about oscars and what they mean in this community? >> it's exhilarating. it's good to be recognized by your peers. have you heard that before? >> as the show progresses, the room fills up with losers. for eve
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a relatively modest economy with the exception of its energy capabilities and leverage. it's got a military that has a lot of nuclear weapons it's a conscript military. he is, today, punching way above his weight class, and the united states is punching way below ours. >> mr. secretary, thank you for talking to us, you bet. >> as the ukraine crisis gets worse even the mainstream media -- washington editorial saying president obama's foreign policy based on fantasy. former u.n. ambassador john bolton joins us. good evening, sir. >> good evening, glad to be with you from london. >> yes. i don't mean to be heart beat on editorial. seems to be a departure when the "the washington post" comes out and uses the term fantasy at such an ominous time it's an accurate description of what's going on. the president's main problem is that he just doesn't care about america national security issues. he doesn't focus on it. he said back in the 2008 campaign that his priority was transforming american society. that's what he is up to. so, in 2008, nato made a terrible mistake when the europeans rejected our
those countries to succumb to russian blackmail, whether it's about energy or money or anything else. i think there are a lot of tough things we can do, we can suspend russia from various organizations. >> all right. >> we can make her pay a price, i think we will do that. >> good to have you here tonight, sir. >> thank you. >>> while washington scrambles to counter president putin, a number of experienced russia watchers are wondering why anyone is surprised by these events. many feel they have been laid out quite clearly for many years. simon marks is a former bureau chief. simon welcome. you just heard the back and forth i had with congressman engle, and john mccain and president obama. they're talking about international law. who -- does putin care about any of that? >> i think that's the real question, martha. if anything good comes out of all this. it may be a fundamental misconception that one can argue has dogged russia for years, it's finally smashed. the misconception being that vladimir putin craves international respectability. you can hear john kerry talking about it in kie
for economic security and job creation so we can continue to have energy independence in the united states and not by foreign oil. pretty simple. >> he's got a telephone and a pen. i wish he would use it an keystone. let's move on. governor fallin, he did state to the governors and of course you're the chair to the association. what else was he selling? for example, i recon he talked about the minimum wage which has become very controversial after a cbo study that says it will cost jobs. what do you say about the minimum wage? >> well, one of the things we do when we come together for our winter meeting is to take about issues with the president. of course he talks about the issues that are important on his agenda. he did push for the minimum wage. he's talking a lot about climate change. he's talking about the work force which we talk about a lot, i think it's important to the nation. he talked about infrastructure development and of course the governors are saying we need more flexibility. we believerevolution. we talked about work force skills and closing the gap between what employers
to thank the long time partners and new partners who have helped us to wuf in those events chevron energy solutions and wells fargo (clapping) at&t intel and pg&e pier 39 and stan will i organization and webb core (clapping) the brim key foundation and macy's and keying and candy robertson and a union bank and unit health and walgreen's (clapping) a enlightenment thank you goes to fidel and bone american people at the time management for fine foods he produces a thousand meals at the same time it's amazing (clapping) we want to thank the families for their lines and the san francisco giants for their participating in sponsoring those events (clapping) thanks to at&t and ebay for dpoot the technology for credit cards donation on site today and finally, all the staff and hardworking committee members at the foundation. with all the staff at the general those are our real heros all the staff at general will you please stand. fo folks (clapping) so at aboutly lead by the susan carlyle who is the usf dean and carlos and we even have here today, our former ceo at the hospital jean o'connell (cl
will join us to talk about the future of energy when we return in just a moment. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. >>> welcome back to "squawk box," everybody. i'm becky quick. we have your morning headlines today. mt. gox filed for bankruptcy protection. that announcement came at a tokyo news conference at which mt. gox ceo apologized for the bitcoin exchange's problems. he said mt. gox may have lost nearly $500 million because of bitcoins because of a hacking into their system. wow. >> you pulled a sorkin. >> i know. i saw you catch me. >> is that what it's going to be called, a sorkin. >> skip the name. >> skip the name. say ceo. what difference does it ma
is so dependent on russia for its daily energy consumption that there's only so far they will ever be willing to push against russia no matter what russia does? so far they've been willing to say they will cancel a summit that was due to be held in russia and they're all saying more or less derogatory things about vladimir putin and his recent actions but not much more. can europe do more? are their hands tied by their dependence on russia in economic terms? can europe go further without hurting themselves? joining us now is p.j. crowley. he's a former assistant secretary of state for public affairs, currently a fellow at the george washington university institute for public diplomacy and global communication. mr. crowley, thank you very much for being here. >> always a pleasure, rachel. >> is there a limit on how hard the eu and the u.s. will push russia on this or any other issue? >> i think there's a style difference. europe prefers coordination, consultation, you know, convincing argument as opposed to confrontation. and obviously at 28 it's difficult to get consensus within th
't been more aggressive with regards to russia. it's because of their energy dependance on russia. one-third of the national gas coming from russia ironically through ukraine. and you made a very important point there, we know in many cases oligarch has ties to london and that's why the uk, too, may not want to be more active than someone else. i think the eu is going to remain pretty passive here and they will continue to find a peaceful and diplomatic way to solve this crisis. >> certainly something that angela merkel and the germans have been pushing for over the last couple of days. we'll come back to you later in the show. joining us now is benwa ann from societe generale. you were saying yesterday that we need to take a central strategy here particularly where central europe is concerned. has your view changed given what we've heard about the troops in russia right now? >> the situation remains quite volatile. so it's probably too early to make a final call on this, as we discussed earlier the situation is evolving and we are still in much more on the bull markets. but you're rig
for economic growth, energy and the environment. is that -- >> that's about right. >> the beginning of the conversation about to happen. play out the situation in the ukraine for a moment. >> well the situation they have a governance crisis and they are going to have an economic crisis if these withdrawals continue. they have about $18 billion in reserves, $27 billion, $28 billion in debt. they owe the imf about $3.7 billion, they owe creditors over the course of the next 12 months or so maybe $1.72 billion, in interest, and then there's always the rollover question, people really lost a lot of confidence in their economies. >> but handicap it for us. what is going to happen? what is the role that russia is going to play? where is the -- how does this all end? >> it's very hard to figure out. there's no way of knowing how it's going to end. they've had a lot more violence than they ever anticipated for the russians or the ukrainians themselves, these revolutions in eastern europe really haven't been deadly. now a lot of people have been killed and there's a risk there will be more.
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in california. when ordinary energy is put in the hands of extraordinary people, amazing things happen. the kind of things that drive us to do more, to go further, to be better. we're dedicated to being a company you can count on, because you've always been customers we believe in. your energy plus ours. together, there's no limit to what we can achieve. there was a boy who traveled to a faraway place. where castles were houses and valiant knights stood watch. for the kingdom was vast, and monsters lurked in the deep, and the good queen showed the boy it could all be real. avo: all of great britain, all in one place. book on expedia before march 16th and save up to thirty percent. >>> defense secretary chuck hagel was on the road today visiting two military bases where he made his case for steep cuts to the armed forces. under the proposed budget he unveiled yesterday, the army would shrink to its lowest troop level in nearly 75 years. the a 10 wart hog plane would be retired. he says the country needs a smaller military. his plans spark add predictable war of words. former vice president dick c
ordinary energy is put in the hands of extraordinary people, amazing things happen. the kind of things that drive us to do more, to go further, to be better. we're dedicated to being a company you can count on, because you've always been customers we believe in. your energy plus ours. together, there's no limit to what we can achieve. >>> defense secretary chuck hagel was on the road today visiting two military bases where he made his case for steep cuts to the armed forces. under the proposed budget he unveiled yesterday, the army would shrink to its lowest troop level in nearly 75 years. the a 10 wart hog plane would be retired. he says the country needs a smaller military. his plans spark add predictable war of words. former vice president dick cheney fired these shots. >> i've obviously not been a strong supporter of barack obama, but this really is over the top. it does enormous long term damage to our military. they act as though it's like highway spending. you can turn it on or off. the fact of the matter is he's having a huge impact on the ability for future presidents to deal
and can fund the development of a lot of energy infrastructure, that will drive road, rail, and other transportation infrastructure we're talking about. you need a private sector impetus. dry?sentially the pot is the piggy bank is empty? >> it pretty much is. highway funding is done. vehicle miles traveled have been dropping. gas tax revenues are falling. the need for a public-private partnership. you have private money coupled with public management. why can't we get that done? >> that does happen. but the economic incentive has to be there. we start natural gas exports and crude oil exports. the prices equalize between the center of the u.s. where the crude oil piles up in barrels and the rest of the world -- you can have it better environment for private investment and international energy agency's have estimated that it is in the trillions of dollars, the infrastructure investment, to man come in to develop our resources of energy in the u.s.. do investors look at president obama's infrastructure proposal with any degree of belief or is it something that they say it has been propo
features, a lot of people in portland are looking for. such as energy-producing solar panels, tankless water heaters and energy efficient fixtures. >> beautiful. love it. >> great house. >> sure it is. to our power house of the week, which i fell in love with. 14606 northwest 52nd court. actually located in vancouver, washington, and we'll tell you why that's important. the sales price is $1.4 million. it has four bedrooms, seven bathrooms, a pool house. 5,300 square feet and under $12,000 in taxes. i'll getting on a plane. i love this house. tell me about it. >> i'll write it up for you, sue. >> you got it. >> a really great property. what a lot of people don't realize, vancouver, washington, and portland are very close together. we have a lot of season buyers entering retirement account stage, and since portland's income tax is about 12% people move to washington with no state taxes. you get a lot for your money in vancouver. looking at this house, a great retreat t. is a great retreat. i love that outdoor fireplace. and, you know, just a beautiful part of the world. let us know if t
. but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can restore t levels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. ask your doctor
northern santa fe, and acquisition he did back in 2010. unit. from an energy it is coming from all of these acquisitions. the issue ofraise succession even more? >> succession is a huge issue for berkshire. if you listen to what buffett said about that in the past, he would say that these operating berkshire hashow a future that is going to go on much longer than him. he is not involved in the day-to-day operations. >> right. i wonder what the correlation is between their profits and gdp. is there one? analysts,speak with as the u.s. goes, so does berkshire. think about something like burlington northern santa fe, a big, big railroad. if people are buying more stuff, companies are moving more stuff, burlington northern tends to do better. --what are you expecting what do people want to know? is always on the table. last year, he did not give us that much on that front. apart from that, it is going to be everything from the economy to his thoughts about the investing environment right now. are these sectors the ones that are responsible for the profits? >> a big chunk of it. another
objectives affected by energy issues. while the national debate is over, tubes and mobile biological weapons labs, internal documents note that increased oil production in a post war iraq would have the vul effect of reducing world oil prices. >> prior to our even going to war in iraq, the focus was on oil. and iraqi oil and how to take it over far more than anything else. >> joining me now is rachel maddow, the host of the "the rachel maddow" show and "why we did it." what is the answer after all of your work on this? >> i think, andrea, the question is the most important part, which is the decisions of our generation on national security are determined more than anything by what the george w. bush administration did with that nine-year war in iraq and alongside of the 13-year war in afghanistan that's still going on. the american people are against those wars. those are the determine tif constraint for thinking about everything from crimea to syria to what the overall size of the u.s. military is. if we want avoid those protracted foreign -- we can't make good decisions until we understand
on exports and direct investment in the russian energy infrastructure and business -- >> you think that's sufficient to back off -- i want to get our other experts in. but so far they're not connected or at least not connected with me. i apologize to the viewers on that. we'll get them on. let me stay with this, benn steil. german's foreign minister has been making unpersuasive sounds in all the reports today. he doesn't seem to want to go along with the drill about preparation for g-8 or not going to the g-8 meeting in sochi. i haven't heard a thing. you ascribe that to natural gas? that's it? >> it's not just natural gas. it's the business that german industrial outfits like siemens are doing within russia. and the russians know very well when they invaded the breakaway georgian republics like south ossetia in 2008, the west did absolutely nothing. so this is playing according to script. >> do we have general mccaffrey? >> i think so. >> i beg your pardon, for whatever snafu we had. let me ask you the question about this 5:00 a.m. deadline and whether russia is going to tell ukraine t
of russia's foreign trade is with europe. it depends on energy sales to europe for a large percentage of its state budget. it really depends on the the eu and u.s. are acting together here or if the u.s. is acting alone. >> thank you very much indeed, reporting also that as far as europe is concerned, russia supplies a quarter of all its energy needs, the oil and gas supplies, a lot of it through ukrainian pipelines as well. we will be covering all the developments here of course in this huge country of ukraine, all around ukraine. also those meetings in paris and those nato meetings with russian members as well in brussels a little later on today as well. all those developments, you can follow them on the bbc website, bbc.com/news, also twitter @bbctimwillcoxs. >>> pope francis has strongly defended the record of the catholic church. in a rare interview with an italian newspaper, the pope said no one had done more to root out pedophil pedophilia. last month it was claimed that they allowed systematic coverups. the bbc's alan johnston is in rome and joins us now. particularly given the u.n.'
on the gaspron export account with his for gazprom, the giant energy company majority controlled by the russian government. they were working both those accounts and setting up both. that's how it works in washington. >> are they all american citizens? >> they are, as far as i can tell. we called all of these firms for comments. none would call us back except for maslansky, who said they didn't see anything wrong working for the russians. we didn't have a chance to ask key questions like that, but looking at the bios on a lot of these web sites, it does appear that the majority of them are american citizens. >> if they're not, we can throw them out. this leads to another point i made at the top of the show. people coming in from russia or wherever, and i'm especially thinking about the oligarchs, who like to travel freely, there's the act that allows personal sanctions or revoke visas. basically either throw foreigners out or not let them in. the president has the authority. that bill was passed just a couple years ago. now it could be a powerful weapon. >> what is interesting here is the forei
of energy based on the idea that we could see sanctions on russia. obviously, we're waiting today for further news on just what action the west is going to take. but right now, we're seeing brent and u.s. crude higher in trade this morning. the dow is down around 0.8%. we've got dollar/ruble trading at five-year highs. i mentioned those actionses and the potential oil impact, gas impact. gazprom one of the key losers for the russian market. we've got a broader impact as far as the russian markets are concerned than what we're seeing in poland, as well. so the real dominating factor is the ukraine. thousands of russian troops are focused in the crimea region following a dramatic weekend in the ukraine. this is a declaration of war by vladimir putin. u.s. secretary of state john kerry condemning russia's actions and will travel to kiev tomorrow for talks with the new ukrainian government. >> president putin is using force in a completely inappropriate manner. fears he's going to lose on the international stage. russia is going to lose. >> steve, it's the one possible benefit of seei
after this break. i always say be the man with the plan but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can restore t levels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headach
at his country 25 years ago and said we're on our knees because of oil and energy. he said we're going to use our natural gas exports to get europe dependent on us and use that as political leverage. we're going to export our oil and have money to rebuild our empire and he's done exactly that. >> you have seen and written and spoken a lot of diplomatic language when it comes to crises around the world with your experience with the defense department. when we hear leader after leader, president obama and just a little while ago defense secretary chuck hagel saying and i put this in quotes, deeply concerned. is that code for something? >> last week you had a u.s. secretary of defense say we're cutting the defense budget and not going to do the missions we've historically done. at the same time the russian defense minister said we are negotiating new naval bases around the world and fixing our cold war bases. >> what's interesting about your idea that you talked about the economics, what president reagan would do. it didn't focus on what is happening inside ukraine. they would decide thei
you'd treat you. get the it card and see your fico® credit score. but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can restore t levels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell
, arguing the gop tax plan will, quote, put the brakes on america's drive to energy independence. joining me now, former republican congressman, jc watts, who serves as a consultant for the domestic energy producers alliance. and with a welcome to you. >> thank you, alex. >> i'm going to call you jc during this interview. >> it works. >> okay, good. before we get to the impact on the energy sector, what is your take on this broader tax plan? >> well, it makes a lost assumptions. and first of all, i think chairman camp needs to be commended for, you know, putting something out there. but it's a discussion draft. and there's much discussion that needs to be had had, and especially when it it comes to i think the energy sector and those people who are creating jobs when you look at percentage depletion, that area that i would be very concerned about. and you've got about 18,000 small business owners that use percentage depletion as a form of capital formation. that's the biggest barrier to small business entering the segment, is capital formation, and that would be a real blow to it. and then y
is in the top 50, i think. the larger point is energy and sitting on a bunch of oil is not where the action is. there is action obviously in tech. there are more new retail billionaires than tech. 35 retail billionaires. the business of buying things is still very good. >> mark zuckerberg last year worth $13.3 billion and this year $28.5. >> nobody in the world made more money in the past 12 months than mark zuckerberg. >> he is 29, everybody. incredible. randall, a great issue. thanks so much. "forbes" billionaire's list is out now. >>> david remnick was the bureau chief for "the post" in washington in moscow and he joins us with his thoughts on ukraine straight ahead. take a closer look at your fidelity green line and you'll see just how much it has to offer, especially if you're thinking of moving an old 401(k) to a fidelity ira. it gives you a wide range of investment options... and the free help you need to make sure your investments fit your goals -- and what you're really investing for. tap into the full power of your fidelity green line. call today and we'll make it easy to move that o
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